Dow still in free fall - but hey, let's invest more taxpayers money in banks and automakers. Great idea!

6,623.51. That's where the Dow is. The Wall Street Boys are scratching their heads, trying to figure out whether GM needs another bailout. Er...here's a free piece of advice. The big automakers - GM, Ford and Chrysler are finished. You can pour money into 'em, you can bail 'em out all your want, you can push down oil prices. With no laons, people aren't going to buy cars any time soon. If you could conjure up loans (which was essentially what the delusional economy of 2008 WAS doing) you'd just push oil prices up, which would leave you right where you started.

We're a dumb tribe of suckers...and all we're doing now is playing a game called 'The Pschology of Previous Investment'. We keep doing the things we did thinking they will work. They won't. Catch a wake up.

clipped from news.yahoo.com NEW YORK – Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. Stocks fell across the board, with the beleaguere banking sector posting some of the steepest losses. Shares of Citigroup Inc., still shaky despite receiving billions in government aid, at times sank below $1. General Motors, meanwhile, dropped below $2 as it warned of possible bankruptcy. In late afternoon trading, the Dow fell 252.33, or 3.7 percent, to 6,623.51, a low not seen since April 1997. The Standard & Poor's 500 index dropped 28.93, or 4.1 percent, to 683.94. The S&P has not traded below this level since October 1996. The Nasdaq composite index fell 47.45, or 3.5 percent, to 1,306.29.